Settlement of shares in terms of the Adcorp Share Plan ADCORP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number: 1974/001804/06 Share code: ADR ISIN: ZAE000000139 (“Adcorp” or the “Company”) SETTLEMENT OF SHARES IN TERMS OF THE ADCORP SHARE PLAN In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the settlement of performance shares (“Awards”) to the company secretary, prescribed officers and director of a major subsidiary of the Company in terms of the Adcorp Share Plan is disclosed: NAME OF COMPANY SECRETARY Lisa Laporte COMPANY OF WHICH THE COMPANY Adcorp SECRETARY STATUS Company secretary of Adcorp TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Settlement of ordinary shares as a result of the vesting of Awards in terms of the Adcorp Share Plan (net of tax) (Off-market transaction) SETTLEMENT DATE 05 July 2022 NUMBER OF SHARES SETTLED 4 161 PRICE PER SETTLED SHARE No Cost DEEMED VALUE AT SETTLEMENT R24 966.00 (At the price per share on the date of settlement, being R6.00 per share) NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial TRANSACTION NAME OF PRESCRIBED OFFICER Rob De Grooth COMPANY OF WHICH A PRESCRIBED Adcorp OFFICER STATUS Prescribed officer of Adcorp and Managing Director: Contingent and Functional Outsourcing TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Settlement of ordinary shares as a result of the vesting of Awards in terms of the Adcorp Share Plan (net of tax) (Off-market transaction) SETTLEMENT DATE 05 July 2022 NUMBER OF SHARES SETTLED 20 937 PRICE PER SETTLED SHARE No Cost DEEMED VALUE AT SETTLEMENT R125 622.00 (At the price per share on the date of settlement, being R6.00 per share) NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial TRANSACTION NAME OF PRESCRIBED OFFICER Bruce Toerien COMPANY OF WHICH A PRESCRIBED Adcorp OFFICER STATUS Prescribed officer of Adcorp and Managing Director: Training TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Settlement of ordinary shares as a result of the vesting of Awards in terms of the Adcorp Share Plan (net of tax) (Off-market transaction) SETTLEMENT DATE 05 July 2022 NUMBER OF SHARES SETTLED 8 271 PRICE PER SETTLED SHARE No Cost DEEMED VALUE AT SETTLEMENT R49 626.00 (At the price per share on the date of settlement, being R6.00 per share) NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial TRANSACTION NAME OF DIRECTOR OF MAJOR Vinolia Singh SUBSIDIARY COMPANY OF WHICH A DIRECTOR Adcorp Workforce Solutions STATUS Director of major subsidiary of Adcorp TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Settlement of ordinary shares as a result of the vesting of Awards in terms of the Adcorp Share Plan (net of tax) (Off-market transaction) SETTLEMENT DATE 05 July 2022 NUMBER OF SHARES SETTLED 20 890 PRICE PER SETTLED SHARE No Cost DEEMED VALUE AT SETTLEMENT R125 340.00 (At the price per share on the date of settlement, being R6.00 per share) NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Johannesburg 06 July 2022 Sponsor PSG Capital Date: 06-07-2022 01:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.